TNT Express to shed 4,000 jobs after UPS takeover fails
Dutch post and courier company TNT Express said Monday it would shed around 4,000 jobs over the next three years as it restructures after US rival UPS' takeover bid failed in January.
25 March 2013
Last-minute deal resurrects Cyprus bailout
EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island -- but one banking chain goes to the wall and major clients, who include many Russians, will take a giant hit.
Russians threaten to quit Cyprus over bailout levy
Angry Russian residents of Cyprus are talking of giving up on the Mediterranean island over a eurozone bailout deal which they say unfairly targets their money.
China solar giant Suntech falls back to Earth
China's Suntech has made a painful journey from being the world's largest solar panel producer to flirting with bankruptcy in just a year, highlighting the woes of the industry it shaped.
20 March 2013
Eurozone still ready to help Cyprus after vote
Cypriot President Nicos Anastasiades' office said he "fully respects" the decision and that he had had a "constructive" phone call with Russian leader Vladimir Putin, amid reports Cyprus was seeking alternative financing.
Citigroup to pay $700 million to settle suit
US banking giant Citigroup said Monday it will pay $730 million to settle a class-action suit by bondholders related to the 2008 financial crisis.
Eurozone says ditch Cyprus tax grab on smallest accounts
The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.